Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Spartan Company encourages its employees older than 60 years old to extend their employment with the entity by promising a lump sum benefit equal to 5% of final salary for each year of service they remain employed by the entity after their 60th birthday provided they remain employed until they are 65, at which time, in accordance with local laws, employees are required to retire. The benefit is payable to the employees on retirement. There are three (3) employees entitled for the benefit whose 60th birthday is on January 1, 2021. Their salary rates for the year ended December 31, 2021 is P1,500,000.
In 2021 and 2022, the entity made the following assumptions:
Employee salary rate should increase by 7% compounded each year.
The rate of return on high-quality corporate bonds is 10%.
The employee salary rate for 2022 is P1,605,000.
Required - How much is the current service cost in 2022 profit or loss?
a. P201,441
b. P241,729
c. P243,743
d. P221,585
What three groups must be taken into account in the consideration of the ethics of a research project?
I need help in all necessary consolidation worksheet journal entries for the year ended 30 December 2017
ritchie company sold some fixed assets for a gain of 100000. the firms tax rate is 25. how would ritchie company report
Describe the effect of each of the above circumstances on your auditor's report if management were to refuse to make any changes you feel necessary
Make the journal entries on the books of the Tina Thi Thuy Le Corporation to record the following January 01, 2000: issuance of the bonds
Undertake a literature review to the factors of expectation gap caused and by interviews and questionnaires to find out the concepts and opinions of auditors and accountants on the fraud.
Prepare the journal entries to record the depot (consider a plant asset) and the asset retirement obligation for the depot on Jan 1, 2012. Based on an effectieve-interest rate of 6% the fair value of the asset retirement obligation on Jan 1, 2012 ..
In this second part of your task as Project Manager, provide an analysis of unexpected events to your management using the Project Schedule Template.
Two items are omitted from each of the following summaries of balance sheet and income statement data for two corporations for the year 2014,
What is Richard's net pay for the week if he earns $1,600? Richard Gaziano is a manager for Health Care, Inc. Health Care deducts Social Security, Medicare
Briefly compare the severity of recessions before and after 1950. What explanations have economists offered for the period of relative macroeconomic stability from 1950 to 2007?
If you want to have $30,000 in your bank account at year 1 and the interest rate is 0 every year, how much money do you have to invest at time zero
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd